The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. In ...
The Consumer Financial Protection Bureau is cracking down on contract-for-deed home financing deals by requiring that sellers disclose financing costs, assess a borrower's ability to repay and abide ...
Going back many decades, it was common for Colorado real estate to be sold using an installment land contract, also known as a contract for deed. In an installment land contract, the buyer and seller ...
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On August 13, the CFPB announced an advisory opinion on the applicability of the Truth in Lending Act (TILA) and Regulation Z to “contracts for deed.” A contract for deed is an arrangement in which a ...
This ruling may curtail the long-standing practice of sellers using installment contracts to profit from successive buyers without affording them the protections typically associated with mortgage ...
Seller-financed loans known as “land contracts” don’t involve a bank and lack the consumer protections available with traditional home loans. By Ann Carrns With traditional mortgages for lower-priced ...
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